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Management in Global Scenario; An Overview of Functional areas of Management –
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Presentation on Principles of Management: Features and Significance of Principles of Management, Principles of Management given by Henry Fayol and Scientific Management given by FW Taylor.
Principles of Management (MG 6851) Unit i AntBMaro
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Manager Vs Entrepreneur
Types of managers managerial roles and skills
Evolution of Management – Scientific, human relations , system and contingency approaches
Types of Business organization - Sole proprietorship, partnership, company-public and private sector enterprises
Organization culture and Environment
Current trends and issues in Management.
THE PRESENTATION FOCUSES ON THE IMPORTANCE, PROS, CONS AND IMPACT OF THE EMPLOYEES RETENTION AND SEPARATION. ALSO HIGHLIGHT SME STRATEGIES FOR APPROVING THE RIGHT WAY TO DO IT.
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3. 6 MANAGEMENT
STYLES
STANDARDS ROLE OF MANAGEMENT 2) :
TSW SUMMARIZE CHARACTERISTICS OF, AND DISTINGUISH BETWEEN DIFFERENT
TYPES OF MANAGEMENT STYLES.
TSW ILLUSTRATE HOW MANAGEMENT STYLES HAVE INFLUENCE THE BUSINESS
ENVIRONMENT.
5. THE DIRECTIVE (COERCIVE) STYLE
• The "do it the way I tell you" manager
• Closely controls employees
• Motivates by threats and discipline
6. THE AUTHORITATIVE (VISIONARY) STYLE
• The "firm but fair" manager
• Gives employees clear direction
• Motivates by persuasion and feedback on task performance
7. THE AFFILIATIVE STYLE
• The "people first, task second" manager
• Avoids conflict and emphasizes good personal relationships among
employees
• Motivates by trying to keep people happy
8. THE PARTICIPATIVE (DEMOCRATIC) STYLE
• The "everyone has input" manager
• Encourages employee input in decision
making
• Motivates by rewarding team effort
9. THE PACESETTING STYLE
• The "do it myself" manager
• Performs many tasks personally and
expects employees to follow his/her
example
• Motivates by setting high standards
and expects self-direction from
employees
10. THE COACHING STYLE
• The "developmental" manager
• Helps and encourages
employees to develop their
strengths and improve their
performance
• Motivates by providing
opportunities for professional
development
11.
12.
13.
14. WHAT ARE
MANAGEMENT THEORIES?
Chaos Theory
Management should place more emphasis on
adaptability, initiative and entrepreneurial creativity to
cope with a future that is inherently unknowable.
Total quality management (TQM)
Explores processes to enhance quality and
productivity.
Improve customer experience
Ouchi’s Theory Z
Increasing employee loyalty to the company by
providing a job for life with a strong focus on the well-
being of the employee, both on and off the job.
Six Sigma
Help businesses improve current processes, products
or services by discovering and eliminating defects
Six Steps – Design, Measure, Analyze, Improve, Control
Scientific Management
Proposed that by optimizing and simplifying jobs,
productivity would increase.
Workers and managers need to cooperate with each
other
X & Y Theory
A collection of ideas that recommend
general rules for how to manage an
organization or business.
16. Helpful Websites to Research Your Famous Entrepreneur/Business Person
https://www.biographyonline.net/business/top-10-entrepreneurs.html
https://www.biography.com/people/groups/entrepreneur
http://www.famous-entrepreneurs.com/
